Despite the apparent crackpotness of Peikoff's threats, Atlas Shrugged elected to change their name nonetheless. As one member of the band said, "(we) did not wish to be drug into a big mess of lawyers and burned out wannabe Ayn Rand lovers."

So much for Objectivist philosophy concerning individual rights, eh?...Of course, I do realise that Peikoff's institution does not speak for the entirety of Objectivism (nor even one of its more creative elements).

But I will say that in the end, perhaps it is a good thing that Atlas Shrugged was forced to change their name. After all, without any additional context, one might expect a rock band called Atlas Shrugged to play long, tedious songs full of moralistic lyrics.

I've adapted the content of this node from an article I saw online at http://www.jeffcomp.com/faq/peikoff/band.html.